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Forex Trend Analysis Report

Prepared for you on Thursday, April 22, 2021.

Euro/Ugandan Shilling (FOREX:EURUGX)

Sidelines Mode (-55) - EURUGX is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid EURUGX?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURUGX.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURUGX
Open High Low EURUGX Price Change
4336.3 4336.3 4336.3 4336.3 0.0
Entry Signal

MarketClub’s Trade Triangles for EURUGX

long term down The long-term trend has been DOWN since Mar 7th, 2021 at 4390.6

intermediate term down The intermediate-term trend has been DOWN since Jan 27th, 2021 at 4475.4

short term up The short-term trend has been UP since Apr 6th, 2021 at 4299.2

Smart Scan Analysis for EURUGX

Based on our trend formula, EURUGX is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for EURUGX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4336.3 4336.3 4336.3 4336.3 0.0
Prev. Close Volume Bid Ask Time
4337.9 2021-04-18 21:07:47
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